hi friends, is it mandatory to comply with schedule 2 depreciation as per new companies act 2013 for the f.y 2014-15. if yes then I have a doubt regarding calculation of depreciation as per schedule 2. I.e. if a manufacturing plant has no of plant and machinery which were acquired during the different previous years. then how will we calculate depreciation..we have to do separate computation for every indivial assets...

hello i neeed to kno the exact meaning of intrinsic value...i m getting confuses between intrinsic value and market value.

If the residual value of an asset is 14 lacs and its WDV is 2 lakhs, what shall be the treatment of the residual value?? Also, The life of the asset is exhausted within this year. Please help me out.

Dear Sir / Madam / Friends,


Can U inform me that,
when a party is not going to receive money from debtors he/they will pass entry in his books of accounts.....(to adjust debtors in B/s.)
Bad debt a/c...Dr.
To Debtors a/c. "THEN"
what will be the entry in the books of accounts of opposite party for the same.(to adjust creditors in B/s.)??? (As now thy are now not going to give cash)

Pl z. replay soon.

hello,
i would like to know what will be the rate of depreciation in case of the items like spoons, forks, plates and other kitchen equipments?
and under which part of the depreciation schedule will it fall?

thanking you
Shreyas

dear sir,

what is Rate of Depreciation on computer as per the companies act 2013 and as per the Income tax act.

Sir I have written my ipcc may and I could not clear . and now I have completed my degree . and I am in cpt route right now . now I heard there is a new notification on 22/7 that cpt to direct entry conversion there is no need to wait for 9 months and can write coming November. plsss help me and what is the exact procedure bcz I have to apply for examination befo this month 25th . icai is not giving proper response plss help me

what is the difference between accounting conventions and accounting concepts?

hey what is the accounting treatment for forfeiture of retention money of fixed assets? whether the same should be reduced from cost of asset or should be treated as income in the year of forfeiture? no specific mention of this in as-10 also.

Sir I have written my ipcc may and I could not clear . and now I have completed my degree . and I am in cpt route right now . now I heard there is a new notification on 22/7 that cpt to direct entry conversion there is no need to wait for 9 months and can write coming November. plsss help me and what is the exact procedure bcz I have to apply for examination befo this month 25th . icai is not giving proper response plss help me